Bitcoin Price (BTC) Analysis: Whales Step In

The number of entities holding at least 1,000 BTC has increased to 1,436 despite Bitcoin’s recent decline to multi-month lows, indicating a strategic shift among large holders amidst market weakness. This rise contrasts with the trend of 2025, where larger holders have primarily been net sellers. The previous peak of over 1,500 entities occurred in November 2024, following Donald Trump's election victory, but fell to about 1,300 in October. Notably, accumulation trends suggest that whales with over 10,000 BTC are no longer heavy sellers, and those holding between 1,000 and 10,000 BTC are beginning to accumulate modestly. The most significant accumulation is observed among holders with 100 to 1,000 BTC and wallets holding less than 1 BTC, indicating a growing belief that Bitcoin is undervalued at its current prices. Glassnode's Accumulation Trend Score further illustrates this shift, reflecting a new phase of investment among both large and small holders in a period of downward price movement.

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